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REGISTERED NUMBER: 12662561 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Portishead Town Football Club Limited

Portishead Town Football Club Limited (Registered number: 12662561)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Portishead Town Football Club Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: K Soni
A Green
A G Jones
D Stone
J W Hughes
Mrs K Harper





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 12662561 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Portishead Town Football Club Limited (Registered number: 12662561)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,803 -

CURRENT ASSETS
Stocks 4,835 2,365
Debtors 5 12,145 347
Cash at bank and in hand 16,759 36,978
33,739 39,690
CREDITORS
Amounts falling due within one year 6 22,663 16,352
NET CURRENT ASSETS 11,076 23,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,879

23,338

RESERVES
Development fund 25,000 25,000
Income and expenditure account (7,121 ) (1,662 )
17,879 23,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Portishead Town Football Club Limited (Registered number: 12662561)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




A Green - Director A G Jones - Director




D Stone - Director K Soni - Director




J W Hughes - Director Mrs K Harper - Director


Portishead Town Football Club Limited (Registered number: 12662561)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Portishead Town Football Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on straight line basis and 15% on reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Portishead Town Football Club Limited (Registered number: 12662561)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 June 2022 - 5,102 - 5,102
Additions 1,125 - 6,680 7,805
At 31 May 2023 1,125 5,102 6,680 12,907
DEPRECIATION
At 1 June 2022 - 5,102 - 5,102
Charge for year - - 1,002 1,002
At 31 May 2023 - 5,102 1,002 6,104
NET BOOK VALUE
At 31 May 2023 1,125 - 5,678 6,803
At 31 May 2022 - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,707 347
Other debtors 5,063 -
Prepayments and accrued income 3,375 -
12,145 347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,979 9,947
Social security and other taxes 2,545 337
Other creditors 139 6,068
22,663 16,352